STATION CREEK RETIREMENT COMMUNITY INC

EIN: 200771871 501(c)(3) Housing & Shelter

Grand Rapids, MI

Total Revenue
$319,644
Total Expenses
$377,693
Total Assets
$2,244,705
Net Assets
$-1,331,904
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MI
Principal Officer
STEVE FETYKO
Phone
6169494975
Tax Period
2023-07-01 to 2024-06-30

STATION CREEK RETIREMENT COMMUNITY INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $320K in total revenue in fiscal year 2023. Expenses of $378K exceeded revenue, resulting in a 18% operating deficit.

Mission

WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES.

Program Service Accomplishments

Program 1
Expenses: $313,761 Revenue: $318,894

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY BY RENTING 49 APARTMENTS THAT ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $750
Program Service Revenue $318,195
Investment Income $699
Other Revenue $0
TOTAL REVENUE $319,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,692
Fundraising Expenses $0
Program Expenses $313,761
Other Expenses $297,001
TOTAL EXPENSES $377,693

Year-over-Year Comparison

2023 2022 Change
Revenue $319,644 $320,896 0.0%
Expenses $377,693 $389,798 0.0%
Net Income $-58,049 $-68,902 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,375,791
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Fetyko President & CEO 1
Officer
$0 $30,514 $551,306
Nicole Maag Chief of Residential Service 1
Officer
$0 $28,578 $318,605
Kim Hoppe CFO, Part Year 1
Officer
$0 $13,709 $314,003
Kalen Carlson CFO, Start Jan 2024 1
Officer
$0 $14,662 $191,877
Michael Shores Chair 1
Officer Director
$0 $0 $0
Russ Ives Vice Chair 1
Officer Director
$0 $0 $0
Michael Fritz Treasurer 1
Officer Director
$0 $0 $0
Mary Wagner Secretary 1
Officer Director
$0 $0 $0
Colleen Dolan-Green Director 1
Director
$0 $0 $0
Dick Lundy Director 1
Director
$0 $0 $0
John Nixon Director 1
Director
$0 $0 $0
Pam Kidd Director 1
Director
$0 $0 $0
Patrick Reid Director 1
Director
$0 $0 $0
Matthew Hook Director 1
Director
$0 $0 $0
Ed Southworth Director 1
Director
$0 $0 $0
Nick Nahorski Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $319,644 $377,693 $2,244,705 $-58,049
2023 $320,896 $389,798 $2,317,217 $-68,902
2022 $308,694 $396,075 $2,388,671 $-87,381
2021 $294,727 $358,116 $2,482,294 $-63,389
2020 $322,138 $386,207 $2,538,418 $-64,069
2019 $321,209 $405,645 $2,611,316 $-84,436
2018 $319,904 $390,585 $2,690,519 $-70,681
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